Lowe’s on Wednesday reported mixed fourth-quarter results, with sales weaker than expected, and provided a disappointing forecast.
Share prices rose 1.4% in premarket trading.
Here’s what Lowe’s reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 94 cents, adjusted vs. 91 cents expected
- Revenue: $16.03 billion vs. $16.15 billion expected
- Same-store sales: up 2.5% vs. 3.6% expected
